JD Supra Ireland

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Latest documents

• Irish Quarterly Legal and Regulatory report: January - March 2026

  Welcome to the January – March 2026 issue of our Irish Quarterly Legal and Regulatory report for asset management and investment funds. This quarter brings a significant range of developments across both Irish and EU frameworks: Central Bank developments across tokenisation, prohibition notice procedures and its Regulatory and Supervisory Outlook for the year ahead. Streamlined procedures for AIFMD II / CP161 162 filings for existing Irish UCITS and AIFs, as well as for AIFMs performing loan origination and the finalisation of EU liquidity management rules. Wider EU reforms across EMIR 3, venture and growth capital funds, benchmarks regulation and sustainability reporting. Key dates for 2026 - 2027, covering AIFMD II, ESG ratings, the EU single AML rulebook and the move to T+1 settlement.

• Irish Quarterly Legal and Regulatory report: October - December 2025

  Welcome to the October - December 2025 issue of our Irish Quarterly Legal and Regulatory report for asset management and investment funds.

• Irish Quarterly Legal and Regulatory report: July - September 2025

  Welcome to the July - September 2025 issue of our Irish Quarterly Legal and Regulatory report for asset management and investment funds. This quarterly report covers key developments from Q3 2025, including: Central Bank updates: Public consultations on proposed changes to the UCITS framework (CP161), a series of proposed updates to the AIF Rulebook including significant reforms to the framework for private market funds (CP162) and updated guidance on operational resilience. Other legal and regulatory developments: Recommendations from the Commission on Savings and Investment Accounts, plus sustainability updates in the form of new SFDR Q&As and publications on ESG credential claims and principal adverse impact disclosures.

• Irish Quarterly Legal and Regulatory Report: Asset Management and Investment Funds January - March 2025

  Welcome to the January - March 2025 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds. This report covers key dates and developments during the quarter, such as: AIFMD & UCITS updates including ESMA's latest common supervisory action with NCAs focusing on compliance and internal audit functions in fund management companies; Central Bank of Ireland developments, including significant new AIFMD Q&As, as well as its latest Regulatory and Supervisory Outlook Report outlining the key trends and risks moulding the operating landscape and the Central Bank's regulatory and supervisory priorities; and - Other regulatory developments on DORA, EMIR 3.0, proposals in the Commission's strategy for the Savings and Investment Union and on sustainability developments, the Commission's package of simplification measures focusing on sustainability reporting.

• Irish Asset Management & Investment Funds ESG Newsletter: October 2024 – January 2025

  The Platform on Sustainable Finance has published its report on categorisation of products under SFDR ahead of the European Commission's proposal for review of the SFDR, expected in Q4 2025. ESMA released new Q&As providing welcome clarification on some of the key elements within its guidelines on fund names using ESG or sustainability-related terms.

• Irish Quarterly Legal and Regulatory Report: Asset Management and Investment Funds October - December 2024

  Welcome to the October - December 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds.

• Budget 2025 - Tax Highlights Ireland

  Budget 2025 announced on 1 October 2024 included a substantial "cost-of-living" package including many one-off payments, as well as outlining a framework to direct substantial tax revenues towards housing, energy, water and transport infrastructure. The need to maintain Ireland's competitiveness in the face of intensifying competition for foreign direct investment was acknowledged, with tax code simplification at the forefront.

• Irish Quarterly Legal and Regulatory Report - Asset Management and Investment Funds January - March 2024

  Welcome to the January – March 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for Asset Management and Investment Funds. This report covers key developments during the quarter, such as: UCITS & AIFMD developments, including the publication of changes in cross-border notifications under AIFMD and the UCITS Directive...

• Transposition of Credit Servicers Directive in Ireland – Overview

  On 29 December 2023, the Minister for Finance signed the European Union (Credit Servicers and Credit Purchasers) Regulations 2023 (the "Regulations") into law, thereby transposing the Directive on credit servicers and credit purchasers (Directive (EU) 2021/2167) (the "CSD") into Irish law, with effect from 30 December 2023. In keeping with the approach previously indicated by the Department of Finance, the Regulations confirm that the existing Irish domestic credit servicing regime (the "Domestic Regime") provided for under the Central Bank Act 1997 (as amended) (the "CBA 1997") will operate in parallel with the regime provided for by the Regulations (the "CSD Regime").

• Central Bank's Regulatory and Supervisory Outlook Report 2004 Key trends, risks and priorities facing funds and the asset management sector

  On 29 February 2024, the Central Bank of Ireland (the "Central Bank") published a new Regulatory & Supervisory Outlook Report outlining the key trends and risks which the Central Bank has identified as moulding the financial sector operating landscape and its consequent regulatory and supervisory priorities for the next two years (2024/25) (the "Report"). The report was accompanied by a letter to the Minister for Finance and a subsequent cross-sectoral Dear CEO letter outlining a number of key regulatory initiatives for the year ahead (the "Letter"). The aim of the Report is to supplement the feedback provided by the Central Bank to regulated entities through its sector-specific supervisory engagement as well as its various consultative forums, conferences and publications. It also includes specific Spotlight chapters touching on areas of particular concern, such as consumer protection1, artificial intelligence ("AI") and financial crime. The scope of the Report extends to internationally active regulated entities and the interests of their consumers and investors and is not limited to those segments of the financial sector associated with the domestic economy. While the scope of the Report is far reaching, we have sought to highlight those risks and supervisory priorities identified by the Central Bank, which are of most relevance for funds and their service providers.

Featured documents

• Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles: Ireland

  Client Monies - New Legislation Adopted and Guidance Issued - The Central Bank of Ireland issued two sets of regulations on 30 March 2015 relating to investor monies held by third parties. These are the Client Asset Regulations and Investor Money Regulations respectively. It also published...

• Investment Funds Update: Europe: Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles - January 2017 - Issue 1: Ireland

  Central Bank Signs Off on CP86 with a Location Rule Compromise - The Central Bank published its Third Consultation and Feedback Statement on CP86 on 19 December 2016. While the multi-location rule was abandoned, the final location rule which aimed to strike a balance between effective...

• Will China-Specific Tariffs Impact Irish/NI Exports to US?

  My last post discussed the potential (but likely very small) impact of the relatively new U.S. steel and aluminum tariffs on Irish and Northern Irish exports to the U.S. In this post, I turn to the related question of whether proposed U.S. tariffs against China could impact Irish and Northern Irish ...

• Littler Global Guide - Ireland - Q1 2019

  The Employment (Miscellaneous Provisions) Act 2018, which came into effect on March 4, 2019, requires employers to provide new recruits with five core terms of employment in writing within five days of starting employment and prohibits the use of zero hour contracts, except in very limited...

• Ireland, Luxembourg Add Guidance On COVID-19 And GDPR

  Luxembourg- Employers should NOT: •require that employees communicate to them daily a statement of their body temperature or fill out medical sheets or questionnaires •have visitors or other external persons sign a declaration by which they certify that they have no symptoms of the...

• Central Bank Publishes Outsourcing Register - Submission Requirements

  The Central Bank of Ireland has published guidance notes and submission templates on the new outsourcing registers that regulated financial services providers are expected to establish and maintain. For any entities that are required to submit registry information to the Central Bank, details ...

• Ticking all the Right Boxes! Irish Collective Asset Management Vehicles Act 2015 Signed into Law

  The eagerly anticipated Irish Collective Asset-management Vehicles Act 2015 (the “ICAV Act”) was signed into law in March 2015 and the first Irish Collective Asset-management Vehicles (“ICAVs”) have been authorised by the Central Bank of Ireland (the “Central Bank”). The ICAV is a new Irish...

• Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles - February 2017: Ireland

  Central Bank Publishes Feedback Statement on CP105 - The Central Bank published its Feedback Statement on CP105 on 19 January 2017. CP105 sets out proposed amendments to the Central Bank UCITS Regulations in light of UCITS V. This considers responses received from stakeholders and summarises...

• Potential Regulatory Developments for Irish ETFs

  The Central Bank of Ireland (the “Central Bank”) has announced that it will release a feedback statement later this year in response to its 2017 Discussion Paper on ETFs (the “Discussion Paper”) and the general work it has performed related to ETFs in the last year. The Central Bank has outlined it ...

• Irish Data Protection Commission Clarifies: GDPR Does Not Preclude Communion Photos

  The GDPR that stole communion… Some schools in Ireland have been banning photographs at communion, citing GDPR. The Irish Data Protection Commission clarified in a guidance titled “Taking Photos at School Events: Where Common Sense Comes Into Play” that this is not mandated by GDPR....